ECON321Economic Analysis

Tutorial 3

How to estimate a regression model

Introduction

• At this stage you know how to get your workfile ready and you can describe the data.

• In fact, before you start any modelling, you should always describe the data – have a look at the descriptive stats, shape of the distributions etc.

• The next step is to examine relationships between variables and estimate a simple regression model.

Now you can estimate a basic regression model. Next we will look at hypothesis testing, multiple regression and specification tests. Save your workfile and continue…